ON Semiconductor Corp. (NASDAQ:ON) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a report issued on Monday. They currently have a $11.41 price objective on the stock. Vetr‘s target price suggests a potential downside of 4.20% from the company’s current price.

Other research analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of ON Semiconductor Corp. in a report on Monday, August 8th. Credit Suisse Group AG restated a “buy” rating and issued a $13.00 price target on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Deutsche Bank AG began coverage on shares of ON Semiconductor Corp. in a report on Tuesday, September 20th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Longbow Research upgraded shares of ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, August 24th. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.61.

Analyst Recommendations for ON Semiconductor Corp. (NASDAQ:ON)

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.91 on Monday. The firm’s 50-day moving average is $11.64 and its 200-day moving average is $10.53. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $12.69. The stock has a market capitalization of $4.97 billion, a PE ratio of 39.70 and a beta of 2.00.

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In other ON Semiconductor Corp. news, Director Paul Anthony Mascarenas bought 2,500 shares of the stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $11.30 per share, with a total value of $28,250.00. Following the purchase, the director now directly owns 55,028 shares in the company, valued at approximately $621,816.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul E. Rolls sold 3,507 shares of ON Semiconductor Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $12.50, for a total transaction of $43,837.50. Following the sale, the vice president now directly owns 265,345 shares in the company, valued at approximately $3,316,812.50. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in ON. Acrospire Investment Management LLC boosted its position in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock valued at $103,000 after buying an additional 3,100 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of ON Semiconductor Corp. by 269.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,330 shares of the company’s stock valued at $103,000 after buying an additional 6,076 shares during the last quarter. American International Group Inc. boosted its position in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock valued at $118,000 after buying an additional 1,682 shares during the last quarter. LPL Financial LLC purchased a new position in shares of ON Semiconductor Corp. during the third quarter valued at $124,000. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock valued at $129,000 after buying an additional 356 shares during the last quarter. 96.66% of the stock is currently owned by institutional investors.

ON Semiconductor Corp. Company Profile

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

5 Day Chart for NASDAQ:ON

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